5-unit income property (triplex plus duplex) in Tarrant, all 2BD/1BA units. 3 of 5 units are occupied with a current gross rent of $1,780/mo and upside to $3,180/mo at full stabilization. Two vacant units are ready for lease-up, letting the next owner add $1,400/mo in income at market rents from day one. Investor-ready asset priced at $240,000. Conventional or DSCR financing expected. Triplex units are separately metered; the owner pays for water for the duplex, split 50/50, and tenants pay their own trash. Property management is in place at 8% of the collected rent. No active pest contract. 48-hour showing notice required.
School Information for 1145 Sloan Avenue, TARRANT, AL 35217
Elementary School
TARRANT
Middle School
TARRANT
High School
TARRANT
Listing Courtesy: EXP Realty LLC - 888-923-5547
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